Gold prices breach $1,000

sp-julaug09-05-gif

Gold prices soared past the $1,000 per ounce mark for only the third time ever on Tuesday.

Technical trading reasons, as opposed to retail industrial demand, are thought to be behind the rise, with a lack of short-dated call options contributing to the surge. "Given the market positioning and technical buying that has supported the recent rally, we believe prices could suffer from profit-taking in the short term before resuming their uptrend," Suki Cooper, a precious metals analyst for Barclays

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: